Charlie hayes owns his own landscaping business, including all the land on which they grow their plants, and all the equipment. charlies son josh has just graduated from college with an architectural landscaping degree. charlie hopes to retire in a few years and turn the business over to josh, and josh will inherit the business when charlie dies. this is an example of the in a capitalist system.

Sonic corp. manufactures ski and snowboarding equipment. it has estimated that this year there will be substantial growth in its sales during the winter months. it approaches the bank for credit. what is the purpose of such credit known as? a. expansion b. inventory building c. debt management d. emergency maintenance

Sye chase started and operated a small family architectural firm in 2016. the firm was affected by two events: (1) chase provided $25,000 of services on account, and (2) he purchased $2,800 of supplies on account. there were $250 of supplies on hand as of december 31, 2016. record the two transactions in the accounts. record the required year-end adjusting entry to reflect the use of supplies and the required closing entries. post the entries in the t-accounts and prepare a post-closing trial balance.

In terms of precent, beer has more alcohol than whiskey true or false